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Betr profitable and in the market for deals, Matt Tripp says

Kylar Loussikian

Matt Tripp, the wealthy bookmaker who launched Betr with News Corporation last year, says he is still interested in buying ASX-listed PointsBet after his wagering business turned its first profit.

In an interview, Mr Tripp said he had “always envisaged it would take somewhere between 20 and 24 months to become consistently profitable” but Betr had now turned a “modest profit” for the past three months.

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Kylar Loussikian is the Financial Review’s deputy editor – business. Email Kylar at kloussikian@afr.com

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    Original URL: https://www.afr.com/companies/games-and-wagering/betr-profitable-and-in-the-market-for-deals-matt-tripp-says-20230924-p5e73z